Dow Jones Analysis 8/7/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/7/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 7, 2009

Resistance Levels: 9500

Support Levels: 9183, 9040, 9000, 8600

http://stockcharts.com/ - Chart

Stock Market Futures

I continue to watch the Dow Jones and the 10 day moving average. The Dow Jones hasn't closed below the 10 day moving average since closing back over it on July 13th. A close below this level would make me cautious I would be expecting a correction to come in the stock market. 9200 is a solid support level as well as 9000....after that, you have the 50 day moving average at 8680 which would be a strong buy. This 10 day moving average indicator has not always worked but I find it right 75% of the time. On the upside, the next major resistance level is located at 9500.

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Dow Jones Close 8/6/09 - Stock Market Closing Prices

Stock Market Closing Prices - 8/6/09

Dow Jones Industrial Average ( DJIA ) Close - 9256.26 Down 24.71
Nasdaq Stock Market Close - 1973.16 Down 19.89
S&P 500 Close - 997.08 Down 5.64
http://dowjonesclose.com

Libor Rates - 8/6/09 - Mortgage Rates

Commodities Closing Prices - 8/6/09

Gold - 966.70
Oil - 71.89
Natural Gas - 3.76

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The Dow Jones Industrial Average closed at 9256 on 8/6/09, as the stock market went down slightly after Cisco Systems, Inc. (CSCO) reported decent earnings but had a foggy outlook. We also received a better then expected initial jobless claims report. Still, the stock market fell! The Dow Jones Futures opened pre market higher but the markets fell right after the opening bell.
The big event on Friday will be the jobs report that is due out at 8:30am. This is usually a stock market mover so stay tuned!

Dow Jones 10 day moving average watch: I continue to watch the Dow Jones and the 10 day moving average. The Dow Jones hasn't closed below the 10 day moving average since closing back over it on July 13th. A close below this level would make me cautious I would be expecting a correction to come in the stock market. 9200 is a solid support level as well as 9000....after that, you have the 50 day moving average at 8680 which would be a strong buy. This 10 day moving average indicator has not always worked but I find it right 75% of the time. Sure worth keeping an eye on! Check out some of the events I will be watching for Friday.

Also, check out my stocks to watch report for tomorrow. I will also have technical analysis of the stock market tonight - Right Here

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Stocks to Buy August 7, 2009 8/7/09

Thursday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for August 7 , 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

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Stocks to Watch - 8/7/09 - Stock Market Ideas

American Intl Group, Inc. (AIG) - AIG Stock hit $29 Thursday and then had a big pullback. After the move yesterday, I'm not sure why anyone would pay another $7 per share for AIG. The stock is now back to a key support level around $23 going into earnings tomorrow. I will not be doing anything until after the earnings are released Friday. After earnings, I'd be a buyer near $18.31 for a trade if there is another pullback. Resistance on the upside is now $24 and $25... a break above $25 will get AIG moving again.

Ambac Financial Group, Inc. (ABK) - ABK also releases earnings Friday morning. This is another stock to watch closely after MBIA Inc. (MBI) reported better then expected earnings Thursday and Radian Group Inc. (RDN) hit a homerun on Wednesday.

Citizens Republic Bancorp, Inc (CRBC) - CRBC stock exploded Thursday. A break above $1.00 would be very bullish.

Hemispherx Biopharma, Inc. (HEB) - Continue to watch HEB, they have an FDA decision coming out this fall ( Sept - Nov ) on CFS drug Ampligen. If approved, HEB would soar. HEB currently has support at $2.07 and $2 with resistance at $2.25 & $2.32.

Cell Therapeutics, Inc. (CTIC) - CTIC continues to trade in the $1.50's after releasing earnings Thursday. On August 24th, the company is expecting a ruling from the FDA whether to accept their application for Pixantrone to treat relapsed or refractory aggressive non-Hodgkin's lymphoma. Shares of CTIC could catch a bid leading up to August 24th.

Las Vegas Sands Corp. (LVS) - After pulling back to the 50 day moving average last week, Las Vegas Sands appears to be starting a breakout. A close over $11.84 would be very bullish. I continue to like pullbacks to the 50 day moving average ( currently $9.01 ).

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - As of 2:30pm Thursday, FAS has made 12 straight higher daily lows from the prior trading session. Thursday's low is $69.00, a break through that on Friday and I will jump into FAZ for a trade. You have to use tight stops with these two given the volatility! This is strickly for a trade and will be after the employment report is out.

Citigroup Inc (C:NYSE) - Citigroup shares hit $3.81 today which is right in the $3.77-$3.83 resistance zone. Support is located at $3.50 and then $3.38. Check out my Citigroup technical analysis.

Bank of America Corp ( BAC ) - Bank of America Corporation stopped short of the the next major resistance level at $17.93 today. I'd be a buyer on pullbacks to the 10 day moving average. Check out my BAC technical analysis - I will have a new chart posted tomorrow.

Other Stocks to Watch - August 7, 2009

Canadian Solar Inc. (CSIQ)
Deerfield Capital Corp. (DFR)
SXC Health Solutions, Corp. (SXCI)
Commercial Vehicle Group Inc. (CVGI)
HSN, Inc. (HSNI)
AMICAS Inc. (AMCS)
Zumiez, Inc. (ZUMZ)
Ansys, Inc. (ANSS)
InfoSpace Inc. (INSP)
Thoratec Corp. (THOR)
CompuCredit Holdings Corp. (CCRT)
Service Corp. International (SCI)
Global Crossing Ltd. (GLBC)
Limited Brands Inc. (LTD)
Pacific Capital Bancorp (PCBC)
Developers Diversified Realty Corp. (DDR)
Fuqi International, Inc. (FUQI)
Wendy's/Arby's Group, Inc. (WEN)
Activision Blizzard, Inc. (ATVI)
Hartford Financial Services Group Inc. (HIG)

Penny Stocks to Watch - August 7, 2009

Citizens Republic Bancorp, Inc (CRBC)
Rockford Corp. (ROFO)
Rentech, Inc. (RTK)
Guaranty Financial Group Inc. (GFG)
Radio One Inc. (ROIAK)
Colonial Bancgroup Inc. (CNB)
Spanish Broadcasting System Inc. (SBSA)
Mercer International Inc. (MERC)
DARA BioSciences, Inc (DARA)
Sulphco Inc. (SUF)
Emmis Communications Corp. (EMMS)
Luna Innovations Incorporated (LUNA)
CIT Group, Inc. (NYSE:CIT)
Corus Bankshares Inc. (CORS)
FEDERAL NTL MTG PFD (FNA)
Sanmina-SCI Corp. (SANM)
Fannie Mae (FNM)
Freddie Mac (FRE)

OTC BB - Pink Sheets Stocks to Watch - 8/7/09

You can discuss these stocks at http://stockstobuy.org/

PaperFree Medical Solutions Inc. (PFMS.PK)
Transax International Ltd. (TNSX.OB)
NOVO ENERGIES CORP (NVNC.OB)
EYECITY.COM INC (ICTY.PK)
BankUnited Financial Corporation (BKUNQ.PK)
Citadel Broadcasting Corporation (CTDB.OB)
SARS Corporation (SARO.PK)
American Scientific Resources, Inc. (ASFX.PK)
NXGEN Holdings, Inc. (NXGH.PK)
NavStar Technologies Inc. (NVSR.PK)
SAFEGUARD SECURITY (SSHS.PK)
GeoBio Energy, Inc. (GBOE.PK)
Northern Explorations Ltd. (NXPN.OB)
Dussault Apparel, Inc. (DUSS.OB)
Motors Liquidation Company (MTLQQ.PK)

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Hot OTC Pink Sheets Stocks August 6 2009

The following is a list of the Most Popular OTC, OTCBB, Pink Sheets Stocks going into August 7, 2009. Topping the list today is Ecotality. This list shows you which stocks traders and investors consider " Hot " which makes for great trading. These are the stocks that I will be monitoring today and tomorrow for daytrading opportunities.

This list is my favorite way to track potential breakout OTC stocks and is not produced anywhere else! It takes into account percentage gainers or losers, volume, and how active the stock has been lately. The higher the rank, the closer I am watching.Check out my Previous Reports

Stocks Highlighted in Green are Up on the day.

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1. Ecotality, Inc. (ETLY.OB)
2. Motors Liquidation Company (MTLQQ.PK)
3. SpongeTech Delivery Systems, Inc. (SPNG.OB)
4. General Growth Properties Inc. (GGWPQ.PK)
5. BioElectronics Corporation (BIEL.PK)
6. IDO Security Inc. (IDOI.OB)
7. BIOCENTRIC ENERGY HO (BEHL.PK)
8. NavStar Technologies Inc. (NVSR.PK)
9. Cobra Oil & Gas Company (CGCA.OB)
10. New Energy Technologies, Inc. (NENE.OB)
11. HE-5 Resources Corp. (HRRN.PK)
12. NOVO ENERGIES CORP (NVNC.OB)
13. LandStar, Inc. (LDSR.PK)
14. CHINA DIGITAL COMM (CMTP.OB)
15. KEMET Corp. (KEME.OB)
16. AmeriResource Technologies Inc. (ARIO.PK)
17. Frontier Airlines Holdings, Inc. (FRNTQ.PK)
18. American Green Group, Inc. (AMNE.PK)
19. Washington Mutual Inc. (WAMUQ.PK)
20. Syndication, Inc. (SYNJ.PK)

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Biggest Stock Gainers 8/6/09 August 6, 2009

Today, August 6, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009. You can find my Past, Current, and Future Stock Gainers Report Right Here

Top Stocks 8/6/09 - Biggest Gainers Today

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American International Group, Inc. (AIG) - AIG stock has been on fire today, hitting $29 and then pulling back to $22. The stock is finally back to pre split levels.... Earnings are tomorrow morning so be cautious! Nobody knows what earnings ( or lack there of ) will be like.

HSN, Inc. (HSNI) - HSN posts Q2 profit on cost control

SXC Health Solutions, Corp. (SXCI) - SXC Health Q2 profit up, raises 2009 outlook

Gibraltar Industries, Inc. (ROCK) - Gibraltar Reports Improved Second-Quarter Results

Schweitzer-Mauduit International Inc. (SWM) - Schweitzer-Mauduit Announces Second Quarter 2009 Results

MBIA Inc. (MBI) - MBIA posts surprise profit in 2Q

Other Stock Gainers Today:

Home Inns & Hotels Management Inc. (HMIN)
IncrediMail, Ltd. (MAIL)
Ansys, Inc. (ANSS)
Zumiez, Inc. (ZUMZ)
CompuCredit Holdings Corp. (CCRT)
Tianyin Pharmaceutical Co., Inc. (TPI)
Micrus Endovascular Corp. (MEND)
Fuqi International, Inc. (FUQI)
InfoSpace Inc. (INSP)
Global Industries Ltd. (GLBL)
Limited Brands Inc. (LTD)
EnerSys (ENS)

More............

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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Hot Penny Stocks 8/6/09 August 6, 2009

Today, 8/6/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We also list OTC and Pink Sheets stock gainers below. You can find ALL Penny Stock Reports Here

Penny Stock Gainers - August 6, 2009

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Rentech, Inc. (RTK) - Rentech's Synthetic Jet Fuel Certified for Commercial Aviation

Guaranty Financial Group Inc. (GFG) - No News....running with FNM, FRE, ABK, ect

Radio One Inc. (ROIAK) - Radio One, Inc. Reports Second Quarter Results

Rockford Corp. (ROFO) - Rockford Corporation Announces Second Quarter and Year to Date 2009 Profit

Ambac Financial Group, Inc. (ABK) - ABK rising with all the insurers, earnings due out tomorrow morning

Citizens Republic Bancorp, Inc (CRBC) - No News

Spanish Broadcasting System Inc. (SBSA) - No News, low volume

Emmis Communications Corp. (EMMS) - No News

CIT Group, Inc. (CIT) - CIT just running with all the financials and insurers, no news

First State Bancorp. (FSNM) - First State Announces Retention of Keefe, Bruyette & Woods as Financial Advisor

HSW International, Inc. (HSWI) - No News

EF Johnson Technologies, Inc. (EFJI) - EF Johnson Technologies, Inc. Receives $1 Million Order From a State Department of Corrections

Freddie Mac (FRE) - Freddie running with financials and insurers

Fannie Mae (FNM) - Fannie running with financials and insurers

Corus Bankshares Inc. (CORS) - No News

Colonial Bancgroup Inc. (CNB) - No News


OTC - Pink Sheets Stock Gainers - August 6, 2009


NOVO ENERGIES CORP (NVNC.OB) - No News

Dussault Apparel, Inc. (DUSS.OB) - Dussault Apparel Launches Deuce Apparel Collection With Concept One

Frontier Airlines Holdings, Inc. (FRNTQ.PK) - Southwest: If You Can't Beat 'Em, Buy 'Em

INVO Bioscience, Inc. (IVOB.OB) - INVO Bioscience Signs Major Distribution Agreements in South America Covering Fifteen Countries

HE-5 Resources Corp. (HRRN.PK) - HE-5 Resources Corp. Announces Dividend and Mandatory Share Exchange

Ecotality, Inc. (ETLY.OB) - Phoenix companies get $99.8 million in stimulus money for electric vehicle network

Citadel Broadcasting Corporation (CTDB.OB) - No News

Motors Liquidation Company (MTLQQ.PK) - No News

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Baltic Dry Index Shipping Rates 8/6/09 BDI

The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd( EXM ), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), and OceanFreight Inc ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt
http://www.dowjonesclose.com/bdi.html

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Dry Bulk Shipping Rates - August 6, 2009 - BDI Down 6 Days

Baltic Dry Index ( BDI ) - 2907 Down 144
Baltic Cape Index ( BCI ) - 4631 Down 217
Panamax Index ( BPI ) - 2754 Down 165
Supramax Index ( BSI ) - 1918 Down 78
Past Bulk Shipping Rates

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Citigroup Inc C Stock 8/6/09 August 6 2009

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for August 6, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/6/09

Resistance Levels: $3.77, $3.83, $4, $4.05 $4.25

Support Levels: $3.50, $3.38, $3.21

Chart - http://www.stockcharts.com/

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Citigroup is getting ready to open pre market at $3.69 today on 8/6/09. After digging deep, it appears there will be some pretty nice resistance in the $3.77-$3.83 area. After that, there is nothing until $4-$4.05. A close over $4.05 would be super bullish and I think C stock could make a run towards the double top resistance located at $4.41 - $4.48. If you see above, the 200 day moving average is also coming into play...A close over the 200 day would be a huge long term buy signal. I would be a buyer of pullbacks to the 10 & 50 day moving averages around $3.10. For more Technical Analysis - Go Here

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1 and 3 Month Libor Rates 8/6/09 Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 8/6/09, are: 1 Month Libor Rate - 0.276% & 3 Month Libor Rate - 0.464%. The overnight Libor rate is 0.246%. As you can see, Libor Rates have changed today, August 6, 2009. The overnight and 3 month libor went down while the 1 month stayed the same.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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